Bel Fuse expects $14 million impairment charge on Innolectric stake

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Go back to Bel Fuse expects $14 million impairment charge on Innolectric stake

Bel Announces Expected Impairment Charge Related to Innolectric Investment

December 3, 2025 1:30 PM EST

WEST ORANGE, N.J., Dec. 03, 2025 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (Nasdaq: BELFA and BELFB) (Bel or the Company), a leading global manufacturer of products that power, protect and connect electronic circuits, today announced an anticipated impairment charge related to its noncontrolling minority investment in innolectric AG (Innolectric), a Germany-based e-Mobility technology company.

As previously disclosed, Bel acquired a noncontrolling one-third (1/3) minority stake in Innolectric in February 2023, as a rising leader in the eMobility market driven by its innovative power products, strong intellectual property portfolio, and talented engineering team. Despite these strengths, factors... More